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6,059 Posts.
5
09/04/16
08:44
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And away she went.......
Great little pull back yesterday, could be a very nice few weeks ahead...........
This is such a great chart, i have called 37 - 39 cents target on this for some time now. here again is why.
TPP had a double bottom using Jan 2014 and Feb 2015. This shows how strong a double bottom can be and the time span it can take to form!
So those looking at the weekly chart will see a top in July 2012 of 20 cents and the double bottom forming as per dates above.
The top of 2012 is 20 cents + the difference between the top - the bottom = 37 cents approx.
so 20 + (20-3) = 37 cent target
Target and next resistance!!
Cheers
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